Robinhood Enters Layer 2 Race With Public Testnet Launch of Robinhood Chain
Robinhood has launched the general public testnet for Robinhood Chain, an Ethereum Layer 2 community constructed on Arbitrum. The US-based buying and selling platform stated the testnet is designed to speed up the event of tokenized real-world and digital property.
This transfer would give builders early entry to the core infrastructure forward of a deliberate mainnet launch later this 12 months.
Arbitrum-Based Layer 2 Testnet
With the general public testnet now stay, builders can start constructing and verifying purposes on Robinhood Chain, utilizing an surroundings that’s suitable with commonplace Ethereum improvement instruments and leverages Arbitrum know-how. Robinhood stated that a number of infrastructure suppliers, comparable to Alchemy, Allium, Chainlink, LayerZero, and TRM, are already integrating with the community.
More companions are anticipated to be onboarded throughout the early levels of the testnet. As half of the launch, contributors can entry community entry factors to the testnet, developer documentation hosted on Robinhood’s web site, and early infrastructure assist from ecosystem companions.
The firm said that the testnet section is meant to assist experimentation, determine potential points, enhance community stability, and lay the groundwork for builders forward of the upcoming mainnet.
Robinhood Chain is backed by the corporate’s current infrastructure and expertise. It was developed with a concentrate on reliability, safety, and compliance, the discharge stated. Built on Arbitrum, the community helps bridging and self-custody, together with the scalability and customizability wanted for financial-grade decentralized merchandise comparable to tokenized asset platforms, lending platforms, and perpetual futures exchanges.
Going ahead, Robinhood stated builders constructing on the chain will achieve entry to testnet-only property, together with Stock Tokens for integration testing, in addition to direct testing with Robinhood Wallet. The firm added that the chain is designed to supply a well-recognized improvement surroundings inside the broader Ethereum and Arbitrum ecosystem.
Institutional Expansion Meets Revenue Headwinds
The buying and selling platform has continued to deepen its publicity to cryptocurrencies since rolling out crypto buying and selling for customers. Last 12 months, Robinhood formally completed the $200 million acquisition of Bitstamp, which was touted as its formal entry into institutional crypto. However, its income tendencies have weakened in the previous few months.
In the fourth quarter of 2025, Robinhood generated $221 million from cryptocurrency transactions, down 38% from a 12 months earlier. The consequence contrasted with the earlier quarter, when crypto income (*2*) to $268 million, amidst broader market turmoil.
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